OMGUSD
OMG/USD: Possible Bullish TrendOmiseGo has respected very well the diagonal resistance since the beginning of October. Finally violated the trend line at $ 6.90 approximately, it is currently making a pullback to the same level. If the upward trend resumes, it can be a very good buying opportunity, as a confirmation we can expect it to define above $ 8.50.
Long OMG/USD Found new support @ $7+If you missed the long wait till the $7s pullback towards support for a new leg up toward $9 and up. This is a classic falling wedge pattern.
OMGBTC Facing Important ResistanceIn order for this breakout to MOON we need to see OMG Cross this resistance. Volume still really low comparatively so use caution. I think BTC still has some legs left.
omg byu ideathe price formed support at the level of 0.00085-0.00095 BTC. According to Fibonacci this level is 0.236 and it is a good point for opening deals. The RSI Oscillator is in the oversold zone, and MACD is preparing to go up, it tells me that the price will go up.
To avoid a false signal, I recommend making purchases at the level of 0.001. To expose a stop-loss, and also to close deals in parts.
Buy 0.001
Target 0.0013-0.00165-0.002
Stop-loss 0.00077
OMGUSD - falling wedge. OMGUSD - falling wedge. I expect rise, but need a few days or more. Let's see.
OMGUSD Ready to breakout. One more down before Segwit2X?Considering the Segwit2X is 7 days to go
I expect a small wave up and down. Probably one more last bottom.
-6.1 is the hard support.
PS. Don't believe anythings I am saying here. I am not a professional trader and draw graph for fun only.
OMG USD an idea...Please use this as a reference - this is not a trading advice. Too many things are aligning for me to ignore...
Please comment for questions
Omisego (OMG) Descending Wedge Roughly 2 months of consolidation that could be looking to break up. If we do break up we could see retest of all time high, a close above $8.21 could establish a breakout.
OMG Counter-Cyclical Breakout Trade: Good for 10 - 15%?Two possible pattern formations on the 30 MIN chart offer short-term long trades with nice R to R. Keep in mind this is a counter-cyclical trading environment, so I would stay disciplined on this one.
- Breakout buy can be above $6.70 for a MIN TP of $7.34 and MAX TP of $7.95.
- Breakout sell can be below $6.31 with a MAX TP of $5.70. You could carry this short forward, but with a major classical fibo support at $5.43 that is not recommended at this time.
My strategy includes evaluating against BTC:
In this chart we have upward potential sitting at the bottom of a larger falling wedge and the edge of a major fibo zone. A break to the downside may invalidate our OMGUSD idea.
